Description We are pleased to announce an incredible opportunity to join us here at Phoenix Group as a Regulatory Reporting Specialist join our Middle Office team, part of the Asset Management function Job Type: Permanent Location: This role will be based in our Edinburgh offices, with time spent between home and the office, and some travel between our Phoenix offices. You can read more about Phoenix Flex here. Closing date : 17th January Salary and Benefits: £55,000 – 75,000 (subject to experience) asset management bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more Reporting to: Middle Office Derivative Manager Who are we? We want to be the best place that any of our 6,600 colleagues have ever worked. We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet. Context Middle Office is a key support function for the Asset Management Front Office. It has wide ranging accountability ensuring operational control of investment activities, supporting the Group and AM governance framework, and delivery of investment reporting. The role will focus on ensuring that Phoenix Asset Management are meeting their regulatory responsibility to reporting derivatives trades under the EMIR guidelines. Additionally the role holder may be asked to help support other areas across the derivatives middle office in confirmation and post trade activities. The role will focus on ensuring trades directly or externally placed will have oversight on a day to day basis, providing key operational input and guidance. A key focus will be on ensuring accurate and timely submissions are made completing the relevant reconciliations to confirm this. The role will require continued build out and development of processes. This role will be the main operational SME in regards EMIR reporting and it will be expected that they help develop the wider derivatives middle office to a proficient level in regulatory reporting understanding. They will providing active participation on process improvement and operating model enhancements to achieve industry leading systems and controls across asset and fund classes. In the same SME capacity, participate in functional integration of legacy Phoenix risk carriers across procedures and platforms. Key Responsibilities Primary Responsibility Regulatory Reporting Oversight – Focus on EMIR ensuring all in scope trades are reported in a timely and accurate manner. Perform any necessary reconciliations and escalate breaches to resolution with our 3 rd parties. Production of MI – Design and implement clear and concise MI to give the business confidence in demonstrating Phoenix are regulatory compliant. Key contact for DTCC and vendors related to regulatory reporting. Oversight of our external fund manager regulatory reporting processes. Secondary Responsibility Derivatives Oversight – Ensuring that derivative operational activities are completed and resolving any outstanding issues. Derivative Data – Ensuring that derivative trades are correctly captured in internal systems. Live Cycle management – Performing middle office control on direct derivative trading. (confirms, income and resolving trade flow issues) Onboarding new systems – Working with our third-party providers to onboard new system capability and set up internal processes to utilise the tools available. Risk and Control – Developing processes and procedures to make sure our derivative operations are functioning within our policy standards. Supporting the business in meeting regulatory requirements. What are we looking for? Personal Attributes & Skills Diligent working style with attention to detail and high standards for quality Excellent analytical and problem-solving skills with holistic financial thinking Excellent organisational and project management skills Very good skills in preparing well structured, clean, consistent and client focussed presentations and management information reports Agility and vision to adapt processes in an ever-changing environment Good communication skills, with the ability to collaborate across a wide range of stakeholders and maintaining effective relationships Self-starter and independent worker with strong sense of ownership, capable of delivering, driving and shaping results and to meet deadlines under pressure Proficient use of MS Excel, Word, PowerPoint and ideally the Aladdin platform. Experience Experience in financial services industry Experience of managing derivative regulatory reporting processes. Detailed and up to date understanding of EMIR reporting regulation. Experience in reporting various derivative product types and collateral models. Systems and repositories knowledge (Kaizen & DTCC platforms) Experience in resolving reporting breaks directly with counterparties. Other regulatory reporting background considerations - SFTR / MIFID Experience in producing MI/KPI reporting to demonstrate regulatory compliance. Knowledge Knowledge of the trade lifecycle of derivatives with middle or back office experience. Functional knowledge of end to end investment management technology / operating models, and downstream consumers / value chain. Strong knowledge across investment products inc. complex derivative structures. Practical experience with business transformation projects, such as onboarding of investment managers, products (cash and derivatives, potentially structured products) or portfolio restructurings. We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. Find out more about LifeAtPhoenix Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us LI-SC1